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US Dollar tries to post fourth day of gains ahead of US CPI release
The US Dollar (USD) tires to continue its uprising on Wednesday, signaling it still has fuel in its tank for a push higher supported by rising US yields.
USD/THB: Bullish but overbought - OCBC
USD/THB traded sharply higher, in part due to stronger US Dollar (USD), softer gold prices and in part, due to concerns over central bank autonomy.
USD/SGD: Slight risk to the upside - OCBC
USD/SGD inched higher, tracking moves in broad US Dollar (USD).
Crude Oil trades stuck at $68 level ahead of API stockpile data
Crude Oil trades broadly flat on Wednesday after an attempt on Tuesday to bounce off a supportive floor level near $68.00. The support came in the form of the monthly OPEC report, in which the Petroleum Exporting conglomerate penciled in a
EUR/CAD finds interim support near 1.4800, downside bias stays afloat
The EUR/CAD pair discovers temporary support near the round-level support of 1.4800 in European trading hours on Wednesday.
New forecasts following US election - ABN AMRO
Growth & inflation tariff impact to drive Fed-ECB divergence.
EUR/USD: Heavy downward bias on the day - OCBC
The Euro (EUR) continued to trade lower amid political uncertainties in Germany.
DXY: Stays bid on the day - OCBC
The US Dollar (USD) continued its march higher. As Trump nomination started to make its way to newswires, markets are also starting to adjust their expectations, believing that Trump may hit the ground running in Jan 2025, unlike in 2016 when he was less prepared.
US bond yield differentials drive USD's post-election strength - DBS
The USD's post-election strength has been driven by widening US bond yield differentials against its counterparts because of US inflation worries over Trump's plans for blanket tariffs, mass deportation of illegal immigrants, and tax cuts, DBS' Senior FX Strategist Philip Wee notes.
AUD/USD wobbles above 0.6500 ahead of US inflation data
The AUD/USD pair trades in a tight range near three month-low slightly above 0.6500 in the European trading session on Wednesday.
DXY fully retraced 3Q's decline - DBS
The Dollar Index (DXY) powered higher for a third session to 106, fully retracing its third-quarter decline, DBS' Senior FX Strategist Philip Wee notes.
EUR/USD touches fresh year-to-date low as traders brace for US inflation data
EUR/USD extends its losing spell for the fourth trading day and touches a fresh year-to-date (YTD) low of 1.0592 during the European session on Wednesday amid caution ahead of the United States (US) Consumer Price Index (CPI) data for October, which will be published at 13:30 GMT.
USD/CNH: To trade between 7.2200 and 7.2500 - UOB Group
The US Dollar (USD) is likely to trade in a range between 7.2200 and 7.2500.
MXN: Peso remains under pressure - Commerzbank
Of course, the US election and the increased likelihood of high US tariffs do not only affect the G10 currencies.
USD/JPY: Bulls can potentially reach 155.45 - UOB Group
The US Dollar (USD) is likely to continue to rise, potentially reaching 155.45.
TRY: Capital flows quieten down as current-account improves - Commerzbank
The Turkish lira exchange rate has mildly depreciated against the US dollar in recent days, but not noticeably so.
CEE: Stronger dollar pulls CEE down further - ING
The market has almost ignored the inflation numbers over the last two days within the Central and Eastern Europe (CEE) region and the global story seems to be in the spotlight still, ING's FX analyst Frantisek Taborsky notes.
NZD/USD: Downward bias towards 0.5900 - UOB Group
The New Zealand Dollar (NZD) is likely to trade with a downward bias towards 0.5900; a sustained break below this level is unlikely.
GBP: Eyes on Mann today - ING
The main event in sterling markets today is a speech by Bank of England's Catherine Mann, the most hawkish member of the MPC, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.
AUD/USD: Set to test 0.6500 near term - UOB Group
The Australian Dollar (AUD) is under mild downward pressure; it could drift lower, but a sustained break below 0.6500 appears unlikely.
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